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Die Europäische Investitionsbank : subsidiärer Finanzintermediär oder Umverteilungsinstrument?
Heinemann, Friedrich - 1992
Persistent link: https://www.econbiz.de/10000138864
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Exchange rate regimes and fiscal discipline in OECD countries
Heinemann, Friedrich - 1999
not economic necessity have dictated the consolidation in the EU during the 90s. …
Persistent link: https://www.econbiz.de/10000683878
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Die Europäische Investitionsbank : subsidiärer Finanzintermediär oder Umverteilungsinstrument?
Heinemann, Friedrich - 1992
Die Europäische Investitionsbank (EIB) mobilisiert in quantitativ bedeutendem Ausmaß Finanzmittel für EG-Politikfelder außerhalb des EG-Haushalts. Die von der Bonität des Schuldners abhängige implizite Zinssubvention ist wohlfahrtstheoretisch nicht zu rechtfertigen. Es ist zu vermuten,...
Persistent link: https://www.econbiz.de/10011621697
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Factor mobility, government debt and the decline in public investment
Heinemann, Friedrich - 2002
like the EU deficit limits. The econometric results indicate that the decline is largely due to two developments: First to … privatisation process nor EU deficit restrictions of the Maastricht Treaty can explain the decline. …
Persistent link: https://www.econbiz.de/10001657235
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Dispelling the shadow of fiscal dominance? : fiscal and monetary announcement effects for euro area sovereign spreads in the corona pandemic
Havlik, Annika; Heinemann, Friedrich; Helbig, Samuel; … - 2021 - This version: June 2021
We use event study regressions to compare the impact of EU monetary versus fiscal policy announcements on government … bond spreads of ten euro member countries. Our motivation is to evaluate which of the two players - the ECB or the EU … only for the announcement of the 'Next Generation EU' program. In contrast, a temporary relaxation of European fiscal rules …
Persistent link: https://www.econbiz.de/10012534642
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Public deficits and borrowing costs : the missing half of market discipline
Heinemann, Friedrich; Winschel, Viktor - 2001
EMU driven interest rate convergence has led to a significant reduction of borrowing costs for some European governments in the second half of the nineties. The paper deals with the possible consequences for deficit behaviour. Although the impact of interest rates on deficits is a crucial...
Persistent link: https://www.econbiz.de/10013428400